The Ethereum’s developers have been working restlessly in preparation for the merge which was slated to happen on September 19th. Almost all the tests necessary for the main merge to occur have been done. As reported by Cryptolifedigital, the merge was supposed to have occurred but it has to be shifted a couple of times to carry out the necessary testings that give the merge a smooth operation.
As previously reported, the merge did pass successfully through two out of three public testnets. The merge has run through the Ropsten and the Sepolia successfully alongside the other tests. The remaining major testnet is the Georli/Pratar which will be the last testnet ahead of the merge on the mainnet. The Georgia/Pratar is slated to happen in August this year.
The Tenth Shadow Fork Was Successfully Executed
Recently, the 10th shadow fork has been executed and it was successful. According to the Ethereum’s developers, Engineer Parithosh Jayanthi, the virtual change in computing difficulty, the network’s hash rate increase, and the developer team’s optimal readiness made the Shadow fork executed 26 hours ahead of the expected time. She added that there were no glitches in the course of the shadow fork.
The execution of the 10th Shadow fork revealed the exact date for the final test ahead of the Merge. The next testnet fork, dubbed Goerli, will be executed on August 10, after which the system will be ready for the final merge and change from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
Long before now, the 9th shadow fork was executed. According to the tweet by the Ethereum developer, superphiz. eth, he said that the merged timeline is not final, regarding Ethereum’s ninth shadow fork that went live in the early time of the 15th of July. This shadow fork marks one of the final tests before the major merge.
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The shadow fork is a smaller testnet that aims at just a couple of changes that may take place in the course of the main event. More also, it will update the late sepolia testnet and it will aim at the Maximal Extractable Value (MEV). Miners currently extract MEV, but when the network transitions to staking, it will be validators that can extract maximal value.
Reasons For Transition
The whole idea of the merge is to create a platform for migrating from the already existing proof-of-work to proof-of-stake due to the massive of energy consumption in the process of the PoW. And more also Vitalik Buterin, Ethereum’s co-founder, stated the changes that will become the Ethereum network once the Merge is concluded At the Ethereum Community Conference that was held on Thursday in Paris:
“At the end of this road map, Ethereum will be a much more scalable system. By the end, there will be able to process 100,000 transactions per second”
“The long-awaited transition from the proof-of-work to proof-of-stake is crucial to the Ethereum network at the moment as the PoW process consumes a lot of energy and power to authenticate the transaction on the blockchain by solving puzzles.
More also, presently the Ethereum blockchain can only handle 12-15 transactions per second, and the Ethereum network wants something far greater than this and which was the major reason behind the transition.
At least, after the completion of the merge, the network will be able to handle almost 100k transactions per second as stated by Vitalik.“